HOA Fees: A Clear Collection Policy is Essential for Your HOA Board

Every HOA’s number one priority is the legal fiduciary responsibility to enhance and maintain their property. The only way to do that is by collecting HOA fees. That’s why a clear collection policy is a must-have for your HOA board.  Sounds like fun, right? Maybe not. But the new year is a great time to communicate a detailed collection plan for HOA fees. By managing owners’ expectations about HOA fees and the need for timely payment, you can help your board (and especially your treasurer) meet their goals and reduce the need for costly HOA fees collection.    Read the article…………….

Editor

Recent Posts

They Bought a New DC Luxury Condo. It Could Collapse (DC)

When a pair of first-time homeowners moved into a sleek condo in Northwest, they were…

4 mins ago

Homeowners in an H.O.A. could soon have control of landscaping (IL)

Karen Conti, Chicago trial attorney, joins Bob Sirott to talk about a bill that could…

28 mins ago

New Laws Protect Homeowners in HOA Foreclosures, Regulate Metro Districts Acting as HOAs (CO)

The Colorado Legislature has taken a hard look this session at issues facing common interest…

30 mins ago

Iowa Insurance Commission looks to add more options as insurance companies pull out of Iowa

Iowa’s Insurance Commissioner said he’s concerned about the number of insurance companies that have left…

31 mins ago

Freddie Mac Provides Condo Associations Access to Loan Eligibility Status

While Fannie Mae and Freddie Mac have developed lists of condo associations that are ineligible…

33 mins ago

Arizona HOA: An Essential Guide to Cultivating Transparency and Trust

Navigating the responsibilities of an Arizona HOA, transparency and trust emerge as pillars essential to…

34 mins ago